EghtesadOnline: The European mechanism to facilitate trade with Iran will not work until Tehran sets up a mirror company and meets international standards against money-laundering and terrorism financing, a French diplomatic source said.
EghtesadOnline: So long as gas station attendants' cards are usable, the plan to reintroduce fuel cards cannot be implemented efficiently and transparently, a board member of Al-Zahra University in Tehran said.
EghtesadOnline: The government says it recognizes mining of cryptocurrencies as an industrial undertaking and sent a directive to the relevant government bodies at the weekend.
EghtesadOnline: A member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture has cast doubt on the efficacy of the new export earning repartition rules and urged the Central Bank of Iran to bear with exporters regarding currency repatriation procedures.
EghtesadOnline: Iran’s central bank has communicated the details of the latest currency repatriation rules that oblige all exporters to repatriate their earnings.
EghtesadOnline: Instructions and charter for private equity funds have been ratified, Iran's Securities and Exchange Organization’s deputy for supervision of financial institutions said.
EghtesadOnline: Iran's private sector remains steadfast in its opposition to recent currency repatriation rules lately adopted by the government with the supposed aim of bolstering currency reserves and fostering trade.
EghtesadOnline: Those wanting to establish business in the monetary market, namely establishing credit institutions, setting up branches and offices, attracting public deposits in any form, offering payment, and any kind of activity in the payment system…must acquire permit from the Organization for Supervision Over Credit Institutions, the spokeswoman of Majlis Economic Commission said.
EghtesadOnline: As prices of all goods and services, including apartments, are rising in Iran due to an ongoing currency crisis, the government is pondering on ways to facilitate conditions of homeownership to at least partially offset the declining public purchasing power in the housing market.